El Paso Electric Company 401(k) Plan: Login, Facts & Contact Information

El Paso Electric Company 401(k) Plan Facts

Plan name
EL PASO ELECTRIC COMPANY SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
EL PASO ELECTRIC COMPANY
Participants
1,322 (1,177 active employees)
Former employees with a balance
159
Plan assets
$241,236,520 at Dec 31, 2024
Average account balance
$184,150 across 1,310 accounts
Employer contributions
$6,767,651 in plan year 2024 (34% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 1, 1984
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 18, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $20.1 million went into the plan in contributions, $6.77 million of it from the employer (34%).
  • $27.1 million was paid out to participants.
  • Investment and other income added $27.7 million.
  • Administrative expenses were $52,200, about $40 per account.

How the El Paso Electric Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019803$138.4 million$2.94 million$10.9 million
2020833$155.6 million$3.20 million$11.3 million
2021849$170.1 million$3.47 million$19.2 million
2022918$184.8 million$3.59 million$29.1 million
20231,347$220.6 million$6.14 million$13.2 million
20241,322$241.2 million$6.77 million$27.1 million

El Paso Electric Company 401(k) Contact Information

Phone
915-543-5985
Mailing address
PO BOX 982 - LOCATION 165, EL PASO TX 79960
Plan sponsor
EL PASO ELECTRIC COMPANY
Employer identification number (EIN)
74-0607870
Plan number
003

Questions about the El Paso Electric Company 401(k)

Does El Paso Electric Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $6.77 million, 34% of all contributions.

Does the El Paso Electric Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the El Paso Electric Company 401(k) plan?

1,322 participants at the start of plan year 2024, 1,177 of them active employees, and 159 former employees who still had money in the plan.

What is the average 401(k) balance at El Paso Electric Company?

About $184,150 per account: $241.2 million in plan assets across 1,310 accounts with a balance at the end of plan year 2024.

Who manages the El Paso Electric Company 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at El Paso Electric Company. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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